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Germany-Ghana partner to promote apparel sector
Ghana recently launched a development partnership with Germany to build and sharpen vocational skills of managers and workers and drive the country’s apparel manufacturing sector.
Archroma-M. Dohmen integration moves up further
Archroma, a global leader in colour and speciality chemicals, announced the further integration of M. Dohmen,an international group specialising in the production of textile dyes and chemicals for the automotive, carpet and apparel sectors
Telengana offers sops for textiles
In a major boost to the textiles and apparels sector, the Telangana government has announced a Textile and Apparel Incentive Scheme 2017, providing a slew of capital and operational incentives for textiles and apparels industries
Global e-textile market to touch $5 bn
Key advances in the last five years have led to early commercial products, with the e-textiles market having grown at double digit rate to reach around $100 million in annual wholesale revenue.
US apparel sector to see 5% profits
US apparel and footwear industry operating profits are expected to be three to five per cent this year. Conditions are expected to remain challenging in the first six months and will begin to improve in the second half.
PE firms eye womenswear brand
Ethnic wear brand, Soch has held talks with private equity (PE) funds, including L Catterton, Westbridge Capital and CX Partners, for a majority stake sale valuing the company at around $200 million.
2 new schemes for powerloom sector
The Ministry of Textiles has proposed two new schemes – New Powerloom Credit Yojana and Solar Energy Scheme –for the powerloom sector.
Overseas roadshows to boost textile exports!
In a bid to promote the country’s textiles in non-traditional markets like Russia, South America and West Asia, the Government is planning to conduct roadshows in these places.
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